South Melbourne, VIC 3205

South Melbourne, VIC 3205

Compare Part of Port Phillip

1.88 km
Distance from CBD
11 k
Population

Auction Times

Thu 22 Apr
Auction Time Agency
57 Emerald Hill
2 1 2 House
12:30 PM
Thu 22nd Apr
Dixon Kestles
Sat 24 Apr
Auction Time Agency
3/66 Montague Street
2 2 1 Apartment
12:00 PM
Sat 24th Apr
Buxton
52 Iffla Street
2 1 0 House
1:00 PM
Sat 24th Apr
Cayzer Real Estate
22D Napier Street
2 2 1 Apartment
1:30 PM
Sat 24th Apr
Buxton
Sat 1 May
Auction Time Agency
363 Dorcas Street
2 1 0 House
10:00 AM
Sat 1st May
Hocking Stuart
67 Napier Street
3 2 1 House
12:30 PM
Sat 1st May
Marshall White
5/284 Dorcas Street
2 2 1 Apartment
1:30 PM
Sat 1st May
Marshall White
506/22 Dorcas Street
1 1 1 Apartment
1:30 PM
Sat 1st May
Besser & Co. Estate Agents
49 Church Street
4 2 1 House
2:30 PM
Sat 1st May
Greg Hocking Real Estate
73/39 Dorcas Street
3 2 2 Apartment
2:30 PM
Sat 1st May
WHITEFOX Pty Ltd
Median Sale Price
House
$1.5M
Updated on Feb 2021
2 BR
$1.17M
3 BR
$1.6M
4 BR
$2.44M
Unit
$580K
Updated on Feb 2021
1 BR
$435K
2 BR
$626K
3 BR
$850K
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$970,000
0.0% $441,500 $4,710,000 107
2010
$990,000
+2.0% $460,000 $3,250,000 119
2011
$955,000
-3.7% $435,000 $6,250,000 89
2012
$935,000
-2.1% $310,000 $2,350,000 108
2013
$1,020,000
+8.3% $386,000 $4,525,000 142
2014
$1,256,000
+18.8% $611,000 $4,540,000 105
2015
$1,315,000
+4.5% $750,000 $4,500,000 67
2016
$1,610,000
+18.3% $400,000 $5,300,000 75
2017
$1,600,000
-0.6% $807,500 $4,600,000 100
2018
$1,470,000
-8.8% $865,000 $3,776,000 63
2019
$1,325,000
-10.9% $820,000 $3,250,000 85
2020
$1,625,000
+18.5% $984,000 $5,375,000 86
2021
$1,675,000
+3.0% $610,000 $3,380,000 37
Median Sale Price
$1.66M
Based on 99 recorded sales within the last 12 months
Updated on 18 Apr 2021
Suburb Growth
+9.6%
Current Median Price: $1,660,000
Previous Median Price: $1,500,000
Based on 182 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2021)
Price Range Segments (12 months ending Mar 2021)
Median Weekly Rent Price
House
$620
Updated on Mar 2021
2 BR
$550
3 BR
$760
4 BR
$995
Unit
$420
Updated on Mar 2021
1 BR
$370
2 BR
$470
3 BR
$788
4 BR
$845
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$520
0.0% $260 $1,660 126
2012
$600
+13.3% $300 $1,900 144
2013
$600
0.0% $350 $1,700 149
2014
$625
+4.0% $375 $2,200 135
2015
$610
-2.5% $300 $2,750 205
2016
$650
+6.2% $350 $2,500 199
2017
$650
0.0% $330 $2,200 182
2018
$675
+3.7% $350 $1,900 203
2019
$690
+2.2% $350 $3,000 185
2020
$650
-6.2% $320 $1,800 218
2021
$650
0.0% $260 $2,000 50
Median Rent Price
$640
per week
Based on 214 recorded rent within the last 12 months
Updated on 18 Apr 2021
Rent Price Growth
-10.9%
Current Median Rent: $640
Previous Median Rent: $710
Based on 409 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2%
Current Median Price: $1,660,000
Current Median rent: $640
Based on 313 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2021)

Auction Results For South Melbourne

Houses sold in Last 12 months ends 17 Apr 2021

$1.48M

Median Sale Price

84%

Clearance Rate

51/61

Sold/Reported

$3.38M

Highest Sale Price

Sold Price Range No. of Sold Properties
$3 M and more 2
$2 M - $3 M 5
$1.8 M - $2 M 3
$1.6 M - $1.8 M 4
$1.4 M - $1.6 M
(Median Price Range)
4
$1.2 M - $1.4 M 8
$1 M - $1.2 M 4
$600 K - $800 K 1

Schools closest to South Melbourne, VIC 3205

School name Address Type Sector Distance
Victorian College Of The Arts Secondary SchoolTop 50 57 MILES STREETSouthbank 3006 Secondary Government 0.53 km
Galilee Regional Catholic Primary School MONTAGUE STREET & BANK STREETSouth Melbourne 3205 Primary Catholic 0.8 km
Eltham College of Education City CampusTop 100 Melbourne 3000 Combined Independent 1.48 km
Albert Park Primary School BRIDPORT STREETAlbert Park 3206 Primary Government 1.43 km
MacRobertson Girls High SchoolTop 5 350-370 KINGS WAYMelbourne 3004 Secondary Government 1.3 km
Melbourne Grammar School DOMAIN ROADMelbourne 3004 Combined Independent 1.34 km
Middle Park Primary School 194 RICHARDSON STREETMiddle Park 3206 Primary Government 1.99 km
Albert Park College 83 DANKS STREETAlbert Park 3206 Secondary Government 1.91 km